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Small gambling put on the SPYJerome Powell gave good momentum in the market yesterday. I do not think this is enough to breakout of the bear trajectory. Market went emotional and soon reality will resurface. Inflation and interests are still high. Macro economics are not favourable. Money is still getting sucked out of the market. As time goes by, people have less money to invest because of higher prices. This is not really a pivot, interest rates are still expected to rise further. Maybe at a slower pace.. so what? Credit will still go more expensive. I went with a small gambling put on the SPY.
AMEX:SPYShort
by thedecentHQ
12
Bear Flag Retraced 39200 Support - confirmed downtrendAccording to how bitcoin moves, it must break through a support then retrace back to it in order to confirm the trend. Here we see bitcoin dropped past $39,200 support and has finally touched it again to close in the hourly. In this situation I am entering bearish trade position. I see a bear flag on the hourly, please comment below if you have further insight or price prediction! Nobody seems to know what’s about to happen I’m just following the trend and taking into account that MACD and RSI are not favorable right now. Short term BULLISH people will tell you to buy because they want to sell to YOU :) Entry $39,200 Stop Loss $39500 Take Profit $29,500 bearish * obviously bitcoin is bullish long term*
Short
by Fabreezio
1
A Few LooksSomething very interesting is forming on the BTCUSD chart. However, it is all a matter of perspective. So lets take a few looks into what we might be seeing in front of us. . BTCUSD appears to be in a falling wedge pattern at the moment, seen by the white lines. Traditionally, this indicates a bullish reversal for price action with a price target marked out by the white box at 47-51K. Equally, the bearish pennant from before our breakout may still be valid. This can be seen through the horizontal line at 30K and the downward resistance/turned support dotted red line. This situation would only occur if price drops rapidly from 40K back to the 34-36K range. Targets for the pennant are more severe with a target all the way down at 12K. This would also validate the massive head and shoulder pattern that might be forming on the BTCUSD chart. See also some support resistance lines forming within these patterns inside the falling wedge or pennant (whichever it is). Either way, we are close to a decisive move and I for one believe more in the falling wedge with looks to the upside above anything else. NFA RN
BITSTAMP:BTCUSD
by OfficialRoinn
2
Stocks/Technical - NOKIdea for Nokia: - LLR Elliot Wave determined for a speculated bullish rally. - Double Bottom/Wyckoff Spring setup. - ADX and trend showing strength, almost enough to confirm non-noise relevance: GLHF, DPT Disclaimer: We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
NYSE:NOKLong
by UnknownUnicorn1043646
BCTUSD TA Time, day 11-01-2021! Good day fellow traders! If your way of Technical Analysis is strong... Then the path will show its way... (*Asian sound effects*) Well, this is how the cookie crumbles, nothing goes up forever... Short-Term: Obviously bearish. Apparently lots of strong bears at this region. Symmetrical Triangle broke down. Mid-Term: Bullish trend. However, short-term patterns merged into a rising broadening wedge. Which has a high probability of breaking downwards. This might be a sign of the mid term correction and the beginning of the long-term correction. Waiting for retest support and confirmation of break outs. We want to see significant candles closing below the support to confirm a bearish break out. Long-Term: Still bullish, precise target unknown. Current estimated target 2021: 250K $ Currently waiting for a long-term correction. If you have any questions, do not hesitate to leave a comment. Good luck, be careful and may the trend gods be with you!
BITSTAMP:BTCUSDLong
by bonic
2
EURGBP | Will See Bearish Momentum!MAKE SURE TO SUPPORT THE IDEA BY SMASHING THE LIKE BUTTON! Hello Forex Lions, Today we are looking at EURGBP, it has been following a nice downtrend, which shows there is a lot of bearish momentum, also its very steadily moving just below the 20-50 moving averages. I believe the downtrend will continue, unless something drastic comes out regarding fundamental news, which is very possible due to the virus. So stay low risk and enjoy the trade
Short
by FX-TradingLions
2